A PYMNTS Company

China’s Watchdog Grows Staff In Antitrust Bureau Due To Higher Workloads

By  |  October 18, 2021

China’s new SAMR is planning to exponentially grow its  Beijing head office, with the antitrust department getting the largest number of new hires, this during growing big tech clampdowns.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    According to The Global Times, SAMR plans to hire 33 staff in its 2022 civil servant intake, with 18 designated for the anti-monopoly bureau.

    These new employees will be engaged in antitrust policy research, anti-monopoly law enforcement, and anti-monopoly reviews related to concentration of business operators, according to a post online.

    Since the end of 2020, China has mounted an anti-monopoly crackdown campaign targeting different industries, including the internet sector.

    Related: China Fines Delivery Giant Meituan For Breaking Antitrust Laws

    Earlier this month, Chinese food delivery platform Meituan was fined 3.44 billion yuan (US$533.5 million), or 3%t of its 2020 domestic revenue, for monopolistic practices by the SAMR.

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.